Baselayer combines business identity, credit, and fraud checks in an AI-powered system for banks, fintechs, lenders, payments companies, and other financial-services teams.
- Founders
- Jonathan Awad · Co-Founder & CEO
Before Baselayer, he was an investor with Lex and Oak North and started his first company after leaving JPMorgan in 2016.
- Timothy Hyde · Co-Founder & CTO
Before Baselayer, he was an engineer at Snap and had built and sold a machine-learning company to a Fortune 500 company.
- Business model
- Baselayer sells access to its verification and risk platform through monthly credit-based Startup and Growth subscriptions, enterprise annual contracts, and paid overages or customized solutions.
- Total raised
- about $47 million · as its sources put it, more than the rounds on record
- Customers
- OatFi, Bilt Rewards, Faire, Nuvei, Forward Financing, FIS, Fundbox, National Funding, Paysafe, Grasshopper Bank, Payabli, Slope, LoanPro, Breakout Finance
WHY IT MATTERS
Baselayer addresses the slow, manual KYB process that can leave banks and fintechs waiting days or weeks to verify small businesses while fraudulent entities slip through. Its reported traction—nearly 30 customers within six months, more than 2,200 financial institutions on its site, and about $47 million raised after a $20 million Series A—shows investor and customer interest in using AI, network intelligence, and shared fraud signals to make onboarding faster without giving up risk controls.
Checked against 10 sources on Sep 23